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Registration number: 10765650

The Nook (West Kirby) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 May 2023

 

The Nook (West Kirby) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Nook (West Kirby) Limited

Company Information

Director

Miss N L Rhodes

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

G W Kelly & Company
Chartered Certified Accountants
3 Stadium Court
Plantation Road
Bromborough
Merseyside
CH62 3QG

 

The Nook (West Kirby) Limited

(Registration number: 10765650)
Balance Sheet as at 29 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

9,212

10,696

Current assets

 

Cash at bank and in hand

 

188,732

198,590

Creditors: Amounts falling due within one year

6

(45,285)

(85,384)

Net current assets

 

143,447

113,206

Net assets

 

152,659

123,902

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

152,657

123,900

Shareholders' funds

 

152,659

123,902

For the financial year ending 29 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 February 2024
 

.........................................
Miss N L Rhodes
Director

 

The Nook (West Kirby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

The principal place of business is:
80 Banks Road
West Kirby
Wirral
CH48 0RE

These financial statements were authorised for issue by the director on 19 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Nook (West Kirby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 May 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

10% straight line

Furniture and fittings

20% straight line

Office equipment

33.33% srtaight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

The Nook (West Kirby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 May 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

 

The Nook (West Kirby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 May 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 30 May 2022

20,000

20,000

At 29 May 2023

20,000

20,000

Amortisation

At 30 May 2022

20,000

20,000

At 29 May 2023

20,000

20,000

Carrying amount

At 29 May 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 30 May 2022

1,248

17,378

18,626

Additions

-

618

618

At 29 May 2023

1,248

17,996

19,244

Depreciation

At 30 May 2022

604

7,326

7,930

Charge for the year

302

1,800

2,102

At 29 May 2023

906

9,126

10,032

Carrying amount

At 29 May 2023

342

8,870

9,212

At 29 May 2022

644

10,052

10,696

6

Creditors

Creditors: amounts falling due within one year

 

The Nook (West Kirby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 May 2023

2023
£

2022
£

Due within one year

Taxation and social security

29,427

18,563

Other creditors

15,858

66,821

45,285

85,384

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

8

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,000

12,000